Commerzbank Aktiengesellschaft FI Has $818,000 Holdings in Pentair PLC. (PNR)

Commerzbank Aktiengesellschaft FI raised its holdings in Pentair PLC. (NYSE:PNR) by 33.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,030 shares of the industrial products company’s stock after buying an additional 3,029 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Pentair were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Pentair by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after buying an additional 53 shares in the last quarter. CIBC Asset Management Inc raised its stake in Pentair by 0.3% in the second quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 54 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Pentair by 1.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after buying an additional 62 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Pentair by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after buying an additional 92 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in Pentair by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Tuesday. Jefferies Group restated a “hold” rating and issued a $59.00 price target on shares of Pentair in a research note on Thursday, September 21st. BMO Capital Markets raised their price target on Pentair from $78.00 to $79.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price target on shares of Pentair in a research note on Wednesday, October 4th. Finally, Robert W. Baird restated a “hold” rating and issued a $70.00 price target on shares of Pentair in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.67.

In related news, insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $70.24, for a total value of $799,752.64. Following the transaction, the insider now owns 36,476 shares in the company, valued at approximately $2,562,074.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the completion of the transaction, the director now owns 21,538 shares in the company, valued at approximately $1,443,046. The disclosure for this sale can be found here. Insiders sold a total of 217,632 shares of company stock worth $14,783,286 in the last 90 days. 9.90% of the stock is currently owned by insiders.

Pentair PLC. (NYSE PNR) traded up $0.54 on Friday, hitting $69.95. The stock had a trading volume of 799,488 shares, compared to its average volume of 957,350. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. Pentair PLC. has a twelve month low of $55.76 and a twelve month high of $71.76. The firm has a market capitalization of $12,606.49, a PE ratio of 20.54, a P/E/G ratio of 1.84 and a beta of 1.41.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. equities research analysts forecast that Pentair PLC. will post 3.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, January 25th. This is a boost from Pentair’s previous quarterly dividend of $0.35. Pentair’s payout ratio is 41.82%.

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Pentair Profile

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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